Achmmach Tin

completed

Kasbah Resources Limited (The Company) is an Australian Junior mining company listed in the ASX with headquarters in Perth, Australia and focused on the exploration and mining activities in Morocco. Its assets include the Achmmach tin project (the Project); El Karit tin projects in Northern Morocco; and the Tamlalt gold project in Eastern Morocco. The project is located in Achmmach which is approximately 140km SE of Rabat and shows potential for underground mining as well as limited opportunity for open cast tin mining. The estimation provided by Kasbah Resources Limited in their annual report is a resource of 6 million tonnes at 0.9% Sn grade containing 52,000 tonnes of metal and it is compliant with Joint Ore Reserves Committee Code (JORC Code). The Company is seeking equity investment from IFC to partly fund a bankable feasibility study, further drilling activities as it transitions from exploration to development stage. The project is located in an area that is not very populated; a population count during the informal well survey in 2008 estimated a total of 31 people within 0-500m from the site and 15 people between 500-1000m. The nearest village is located approximately 12 km from the site and has a school that is used mainly by the commune of El Hajeb. The population does not have access to municipal water hence it relies on wells to satisfy water needs, furthermore, the area is not yet electrified, although we understand that there was a program to provide each house with one solar panel for basic energy needs. The main economic activities are agriculture as well as herding (sheep, goat, and cows). Mining is not new to the area, El Hammam fluorite mine operated by Société Anonyme d’Entreprises Minières (SAMINE) located has been operating for over 30 years.